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Required information [ The following information applles to the questlons alsplayed below ] The TimpRiders LP has operated a motorcycie dealership for a number of

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[The following information applles to the questlons alsplayed below]
The TimpRiders LP has operated a motorcycie dealership for a number of years. Amir is the limited partner, Francesca is the general partner, and they share capital and profits equally. Francesca works full time managing the partnership Both the partnership and the partners report on a calendar-year basis. At the start of the current year, Amir and francesca had bases of $10,600 and $3,400, respectively, and the partnership did not have any liabilies. During the current year, the partnership reported the following results from operations:
\table[[Cost of goods sold,584,900],[Operating expenses,169,080],[Short-term copitol 10s5,1,2e0
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